The Employees' Provident Fund Organisation (EPFO) allows subscribers to take advance from their provident fund accumulations in certain cases. The amount varies and the employee needs to meet specific criteria to be eligible for PF advance. An employee can withdraw upto 90% of total PF balance within one year before retirement, advance on unemployment upto 75% of total PF balance, etc. EPFO allows three such withdrawals for this purpose and an employee can withdraw upto 50% of his/her share. Unemployment: EPFO allows an advance against your EPF corpus to the tune of 75% on job loss and unemployment of a month.

Source: Mint June 15, 2019 02:37 UTC